Last year, Alere (NYSE:ALR) strengthened its standing in the mobile health market by acquiring MedApps. The agreement calls for earn-out payments that could reach a maximum of $22 million.
MedApps is now Alere Connect, led by founder and CEO Kent Dicks. Motley Fool analysts Max Macaluso and Rex Moore were able to speak with Dicks at the recent mHealth Summit near Washington, D.C. In this segment of a four-part interview, Kent explains Alere Connect and the huge growth potential in mobile health.
Max Macaluso, Ph.D. and Rex Moore have no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.